UK travel firm Jet2 sees annual profit at lower end of expectations
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Diverging Reports Breakdown
Jet2 sees weaker annual profit growth
British low-cost airline and travel firm Jet2 forecast full-year operating profit to be towards the lower-end of its expectations. Company cites limited booking visibility and seats still left to be sold for the summer and winter seasons.
Geopolitical disruptions, higher costs and extreme weather have become pain points for travel firms recently. Vacationers are choosing to book hotels and flights closer to the departure dates to avoid inadvertent costs.
In its trading update today, Jet2 said it is choosing to exercise “capacity discipline in a less certain consumer environment”.
Looking ahead to the winter season, the company, whose holiday advertisement has become a viral-sensation on social media platforms, has reduced its seats on sale to 5.6 million from 5.8 million.
The company expects to record operating profit between £449-496m for the year ending March 31, 2026.
UK travel firm Jet2 sees annual profit at lower end of expectations
British low-cost airline and travel firm Jet2 forecast full-year operating profit to be towards the lower-end of its expectations. Jet2 cites limited booking visibility and seats still left to be sold for the summer and winter seasons.
(Reuters) -British low-cost airline and travel firm Jet2 forecast full-year operating profit to be towards the lower-end of its expectations on Thursday, citing limited booking visibility and seats still left to be sold for the summer and winter seasons.
The company expects to record operating profit between 449 million to 496 million pounds ($606.55 million to $670.05 million) for the year ending March 31, 2026.
($1 = 0.7402 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala)
UK’s Jet2 sees weaker annual profit growth due to booking uncertainties
Jet2 expects to make between 449 million and 496 million pounds for the year ending March 31, 2026. The company has reduced the number of seats on sale to 5.6 million from 5.8 million. Jet2 is choosing to exercise “capacity discipline in a less certain consumer environment”
Geopolitical disruptions, higher costs and extreme weather have become pain points for travel firms recently. Vacationers are choosing to book hotels and flights closer to the departure dates to avoid inadvertent costs.
In its trading update on Thursday, Jet2 said it is choosing to exercise “capacity discipline in a less certain consumer environment”.
Looking ahead to the winter season, the company, whose holiday advertisement has become a viral-sensation on social media platforms, has reduced its seats on sale to 5.6 million from 5.8 million.
The company expects to record operating profit between 449 million and 496 million pounds ($606.55 million and $670.05 million) for the year ending March 31, 2026.
($1 = 0.7402 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala)